Board Meeting Details

The Board Meeting commenced at 10:30 hrs IST and concluded at 14:40 hrs IST on 27 October 2026.

Key Approvals and Financial Results

The Board approved the following items:

1. Unaudited Financial Results: Approved the standalone and consolidated unaudited financial results for the quarter and six-month period ended 30 September 2026. The results were reviewed by the statutory auditors, M/s SARDA & PAREEK LLP.

2. Interim Dividend: Declared an interim dividend of ₹5 per equity share (face value of ₹5 each) for the financial year 2026-27.

  • Record Date: Fixed as Tuesday, 03 November 2026.
  • Payment Date: The payment shall be completed on or before 26 November 2026.

3. Increase in Authorized Share Capital: Approved an increase in the authorized share capital of the company from ₹323.72 Crores (64,74,40,000 equity shares) to ₹900 Crores (180,00,00,000 equity shares). This is subject to receiving the requisite consent from the Department of Investment and Public Asset Management (DIPAM) and approval from the company's members. A consequent alteration of the capital clause of the Memorandum of Association is also proposed.

Standalone Financial Performance (₹ in lakhs)

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: 2,22,808
  • Other Income: 29,653
  • Total Income: 2,52,861
  • Total Expenses: 2,08,296
  • Profit Before Tax: 44,165
  • Tax Expense: 10,145 (Current Tax: 20,338; Deferred Tax Credit: (10,193))
  • Profit for the period (PAT): 34,020
  • Earnings Per Share (Basic & Diluted): ₹8.43

Half-Year Ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: 4,99,817
  • Other Income: 58,608
  • Total Income: 5,58,425
  • Total Expenses: 4,45,938
  • Profit Before Tax: 1,12,487
  • Tax Expense: 27,496 (Current Tax: 33,759; Deferred Tax Credit: (6,173))
  • Profit for the period (PAT): 84,991
  • Earnings Per Share (Basic & Diluted): ₹21.07

Comparative Figures (Q2 FY26):

  • Revenue from Operations: 2,92,904
  • PAT: 71,537
  • EPS: ₹17.70

Consolidated Financial Performance (₹ in lakhs)

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: 2,94,270
  • Profit for the period (PAT): 34,640
  • Attributable to Owners: 34,412
  • Attributable to Non-controlling interests: 229
  • Earnings Per Share (Basic & Diluted): ₹8.53

Half-Year Ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: 5,38,679
  • Profit for the period (PAT): 89,686
  • Attributable to Owners: 89,352
  • Attributable to Non-controlling interests: 334
  • Earnings Per Share (Basic & Diluted): ₹22.15

Balance Sheet Highlights (Standalone as of 30 Sep 2026)

  • Total Assets: ₹22,84,708 lakhs (vs. ₹25,64,200 lakhs on 31 Mar 2026)
  • Total Equity: ₹9,51,000 lakhs (vs. ₹8,84,316 lakhs on 31 Mar 2026)
  • Equity Share Capital: ₹20,169 lakhs
  • Other Equity: ₹9,30,831 lakhs
  • Cash and Cash Equivalents: ₹33,439 lakhs (a significant decrease from ₹2,66,570 lakhs on 31 Mar 2026)
  • Bank Balances (other than cash): ₹10,80,761 lakhs

Cash Flow Statement (Standalone H1 FY27)

  • Net Cash Used in Operating Activities: (₹2,12,466) lakhs
  • Net Cash Used in Investing Activities: (₹23,614) lakhs
  • Net Cash from Financing Activities: ₹2,949 lakhs
  • Net Decrease in Cash and Cash Equivalents: (₹2,33,131) lakhs

Explanatory Notes

1. The financial results are prepared in accordance with Indian Accounting Standards (Ind AS).

2. The company is engaged in Defence Equipment production and is exempt from Segment Reporting.

3. The consolidation includes subsidiary Colombo Dockyard PLC (51% holding) and associate Goa Shipyard Limited (47.21% holding, accounted under the equity method).

4. The figures for the quarters are derived as balancing figures between the half-year and published first-quarter figures.

Auditor's Review

The statutory auditors, M/s SARDA & PAREEK LLP, issued a limited review report stating that based on their review, nothing has come to their attention that causes them to believe that the accompanying statement of standalone and consolidated unaudited financial results is not prepared in accordance with the applicable standards and does not contain any material misstatement.